Each Year, the United States Trade Representative publishes The National Trade Estimate Report on Foreign Trade Barriers (NTE). Preparation begins with the Trade Policy Staff Committee’s invitation to persons with interest, to submit comments that assist in identifying significant barriers to the export of goods and services, domestic investment in foreign markets, protection and enforcement of intellectual property rights. Relevant comments and information will receive address in the NTE report. Responses will also be in use to compile the annual review of U.S. trade agreement’s operations and effectiveness.
This report is significant as it’s use to guide policy to reduce or eliminate barriers, enforce trade law, and strengthen a trade system with rules basis. Information or interest in any of these subject categories is of strong recommendation
- trade restrictions – through unwarranted standards, assessment conformity, or regulation technicality includes unnecessary, or discriminatory technical regulations. Includes standards and regulations for telecommunication products.
- Trade Restrictions – for unwarranted sanitary or phytosanitary measures
- Government Procurement Restrictions
- Intellectual Property Protection and Enforcement – adequate enforcement and systems in place
- Barriers to Trade in Services
- Digital Trade Barriers
- Barriers to Investment
- Government Toleration of Anti-competitive conduct of state owned or private firms, which restrict sale or purchase of U.S. goods and services
- Other Barriers which may be combination of more than once category, industry specific, or other relevant barrier.
The following export markets will be covered
- The Arab League
- Costa Rica
- Cote d’Ivoire
- Dominican Republic
- El Salvador
- European Union
- Hong Kong
- New Zealand
- Saudi Arabia
- South Africa
- Sri Lanka
- United Arab Emirates
Comments should include an estimate of the potential increase in U.S. exports that would result from an foreign trade barrier’s removal. Emphasis on trade practices or barriers that are U.S. trade agreement violations is encouraged. Localization barriers are also an area of interest, as many localities in countries have measures in place to benefit domestic goods and services at the expense of foreign market participants. Comments should express estimates and methodology of estimates in values of 5 million or less, $5 – $25 million, $25 – $50 million, $50 – $100 million, $100 – $500 million, and above $500 million.
Comments are due by October 30th, 2018.
Barriers to international trade is a significant concern for entrepreneurs. High barriers to trade can increase prices of U.S. goods, services, and the prices of goods and services from foreign markets .
This will make it difficult to source natural resources from other countries, and encourage harvest of domestic natural resources. The impact of domestic natural resource use can be offset if significant efforts are in place to conserve or replenish those resources.
Difficulty from foreign supply can encourage manufacturing in certain segments, if it does not exist there will be trouble .
Intellectual Property Rights are important to have in the United States as it controls complex, efficient development, longer product life cycles/ slow rate of market saturation, sustained domestic market prices, and profitability of research and development investments.
It is important that U.S. companies deal with foreign entities that are profitable, and do not rely heavily on subsidies.
Digital products have a unique problem with regards to Digital Trade Barriers in that they are difficult to enforce unless you find where they are posted, and notify entity to remove them.
It is significant for investors to know the Barriers to Investment, so that the opportunity to invest is not in ruin of absence protections for their investment against crime, discriminatory regulations, fraud, and unreasonable loss.
The Executive branch is critical of government toleration of anti-competitive actions, or discriminatory treatment that characterizes Government Toleration of Anti-competitive conduct of state owned or private firms.
THIS IS NOT LEGAL ADVICE. THIS IS COMMENTARY ON REGULATION.
Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry. An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented. In this way we are doing our small part to encourage an informed people.